The stunning Porsche Mission E all-electric concept car caused quite a stir at the 2015 Frankfurt motor show, and now the German sports car specialist has confirmed that the car will make it to production.

A release from the Stuttgart maker stated that the "first 100% electrically powered Porsche is on its way", following a decision from the supervisory board to build the EV and get it into showrooms before the end of this decade.

However, the Mission E concept car is built on a new platform that houses underbody lithium-ion batteries in the wheelbase and electric motors front and rear, with the powertrain producing 440kW of power and offering acceleration of "under 3.5 seconds" from 0-100km/h.

It is said to have driving range of "more than 500 kilometres", and it is charged by an 800-volt charger "which is twice as powerful as today's quick-charge systems", and 80 per cent of the car's range can be redeemed in just 15 minutes. Further, the car can optionally be charged with a wireless inductive charge system, which eliminates the potential tangles and time wasting that plugging in can involve.

According to the company the investment involves is "around a billion euros" (that's AUD $1.48bn), and the chairman of the executive board of Porsche, Dr Oliver Blume, said the announcement is "beginning a new chapter in the history of the sports car."

As well as a significant monetary investment, Porsche claims that more than 1000 jobs will be created as a result of the project's home base in Stuttgart-Zuffenhausen, and at the Weissach development centre.

"We are resolutely taking on the challenge of electric mobility," Blume said. "Even with solely battery-powered sports cars, Porsche is remaining true to its philosophy and offering our customers the sportiest and technologically most sophisticated model in this market segment."